Why Tesla Is A Buy Right Now
I am, as I have said here many times, a contrarian trader by both nature and training. I have been in and around markets for forty years and one of the first things I learned was that as useful as following momentum can be in intraday trading, the longer out you look, the more beneficial it is to go against conventional wisdom. That is why, even though it looks to be the worst possible time to buy TSLA, with the stock having just hit its lowest point in two years and seemingly in freefall, I am doing just that.The chart certainly isn’t encouraging…